James Reisman

All Articles

• Wall Street's AI Trading Surge Drives Record $47 Billion in Profits for NYC's Five Biggest Banks

  Goldman Sachs, JPMorgan, Citigroup, Morgan Stanley, and Bank of America collectively posted record second-quarter earnings, fueled by algorithmic trading desks powered by next-generation artificial intelligence.

  Business · James Reisman · July 28, 2026

• U.S. Economy Sheds 23,000 Jobs in July as Labor Market Cooldown Deepens

  July payrolls fell far below expectations as losses concentrated in local government, leisure and retail, raising new questions about the pace of economic slowing.

  Business · James Reisman · August 8, 2026

• Tyson Rethinks Beef Strategy, Announces Major Plant Closures Amid Historic Cattle Shortage

  The meatpacker is closing its Joslin, Illinois plant and seeking a buyer for its Pasco, Washington facility as the national cattle herd shrinks to its smallest size in over 70 years.

  Business · James Reisman · August 14, 2026

• Wall Street Braces as Goldman Sachs Unveils Fully Autonomous AI Trading Desk

  Goldman's new algorithmic unit executes billions in equities trades per day without human sign-off — and competitors are scrambling to catch up.

  Business · James Reisman · August 16, 2026